inheritence ratio

Share of your legal heirs in your property

Question: What is the share of each primary heir?

Answer:

For example in a small family, if deceased leaves behind a father, mother, a wife and one son and one daughter, then

>Father’s share will be calculated (whose share is fixed as 1/6 in this case)

>Mother’s share will be calculated (whose share is fixed as 1/6 in this case)

>Wife’s share will be calculated (whose share is fixed as 1/8 in this case)

>After giving the above their share, remaining wealth is distributed according to given principle (ratio 2: 1) among son & daughter.

Because the son & daughter are given remaining or residual wealth, they are said to be among the Residual heir.

Please note that the shares may change depending on your size and number of family numbers therefore it is best to contact a lawyer to ascertain your share